Shared Ownership Routes into home ownership.

It has long been part of public policy to encourage home ownership and a number of schemes help make home buying more affordable and accessible.

Today "affordable" routes into home ownership are more diverse and complex than ever.

Here at bpl we have extensive knowledge and experience in dealing with Shared Ownership transactions. We have also acted for Housing Associations and Developers as well as clients which provides us with a unique insight into this challenging area of modern conveyancing.

Shared ownership schemes are where you part buy - part rent the property. You buy a share in the property which can range from (25% to 75%) of the property's value. And then you would pay rent to the housing association on the remaining share.

Shared ownership leases are available to those such as key sector workers buying in the private sector as well as from Housing Associations. They are also complicated and contain specialist clauses to protect the buyer's lender.

Shared Equity

Shared Equity is a relatively new arrangement available to those such as key sector workers buying in the private sector as well as from Housing Associations. Equity loans and shared equity agreements are novel and very complicated.